AIR CANADA (AC.CA) Stock Technical Analysis
TSX:AC - Toronto Stock Exchange - CA0089118776 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to AC. Both in the recent history as in the last year, AC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that AC is one of the better performing stocks in the market, outperforming 86% of all stocks.
AC is one of the better performing stocks in the Passenger Airlines industry, it outperforms 87% of 9 stocks in the same industry.
In the last month AC has a been trading in the 20.29 - 23.72 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
AC has an average volume of 3173020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AC is lagging the market.
AC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 22.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.93, a Stop Loss order could be placed below this zone.
More info and screens
18.18
23.52
When analyzing the support we can see 3 important areas.
- A support zone ranging from 21.73 to 21.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 20.77 to 21.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.36 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.42 to 23.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AC.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AC.CA is up. |
| ChartMill Relative Strength | 86.45 | POSITIVE | AC.CA has a high relative strength, it outperformed 86.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AC.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AC.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.72 | NEUTRAL | The RSI value for AC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests AC.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.88 | NEUTRAL | The Stochastics value for AC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for AC.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 37.59 | POSITIVE | The high ADX value value for AC.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.60 | 21.72 | 0.88 (3.89%) | 25.00% |
| An entry @22.60. This is a Buy Stop order right above the 10 day high. | An exit @21.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.88 points, which is 3.89%. | For a 0.97% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:AC (7/28/2025, 7:00:00 PM)
22.04
+0.06 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg0.27%
1 Week2.94%
2 Weeks-1.39%
1 Month8.46%
3 Month50.03%
6 Month12.39%
12 Month47.92%
2 Year-9.3%
3 Year26.74%
5 Year45.86%
10 Year87.26%
15 Year915.67%
Volatility
ATR(14)0.6
ATR(20)%2.76%
ATR Inc-48.07%
Range Today0.34
ADR(20)0.57
ADR(20)%2.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.45
Mansfield0.82
10 Day High22.59
10 Day Low20.59
20 Day High23.72
20 Day Low20.29
52 Week High26.18
52 Week Low12.69
CS1 End21.93
CR1 Start22.42
Volume & EV
DER(3)0.2%
DER(5)1.31%
Volume2.05M
Volume Incr-33.06%
Vol(5)2.27M
Vol(50)3.17M